According to Espn’s Marc Stein, Memphis, Tennessee native, Justin Timberlake may be part of the New Grizzles ownership group of Silicon Valley Robert Pera:

Sources told ESPN.com that Timberlake and Pera have quickly struck up a friendship, with one source adding that the singer/actor is making “a meaningful investment into the team” and “plans to be active” with the Grizzlies. The league office, sources said, has been made aware of Timberlake’s proposed involvement and is already well acquainted with him after inviting the self-proclaimed basketball junkie to participate in various celebrity games at All-Star Weekend.

With ownership in MySpace and the Grizzles, Timberlake has been making huge business moves.